Two-Story Medical Office with
7044 Commercial Way, Weeki Wachee, FL 34613
For Sale
New
$1,100,000
An adaptable clinical layout includes exam rooms, administrative areas, a conference room, and elevator access between floors.
Property Size3,984 SF
Price / SF$305.56
Days on Market1
Property Features for 7044 Commercial Way
General Information
Standard status
Size
Total Parking Spaces
Elevators
Zoning
Site & Location
Highway Access
Road Access
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Sprinkler System
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
true
2
Public Records
Public
26258
51 x 300
0.6
false
Asphalt,Paved
Slab
Divided Highway
3984
1
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
HOME LAND REAL ESTATE INC
(321) 490-0995
Listed By:
Greta Higinio
Source:
Norkisandcorealty
Added: Nov 6
Last Checked: Nov 6 at 2:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOME LAND REAL ESTATE INC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story medical office at 7044 Commercial Way includes an elevator, a lobby and waiting area, more than five exam rooms, multiple offices and larger rooms, and a conference room. The building also has three bathrooms, including one with a shower, a kitchen, storage areas, and two staircases. An orthopedic animal clinic currently occupies the property. ADA-compliant features and a fire sprinkler system are installed, and a marquee sign faces US 19.
The property fronts US 19, north of US 50. Oak Hill Hospital is approximately 5 minutes away, and the Suncoast Parkway is 12–15 minutes away. The site has 9 parking spaces, with potential for additional parking at the rear. Zoning is PDP(GC).
The property fronts US 19, north of US 50. Oak Hill Hospital is approximately 5 minutes away, and the Suncoast Parkway is 12–15 minutes away. The site has 9 parking spaces, with potential for additional parking at the rear. Zoning is PDP(GC).
Key Highlights
- Two‑story building with elevator access
- More than five exam rooms, multiple offices, and a large conference room
- Three bathrooms, including one with a shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,204
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,080
$664.1K
Cap Rate 7%
$474,343
$474.3K
Cap Rate 9%
$368,933
$368.9K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$60.5K $16.80/SF
− Vacancy
−$5.1K −$1.43/SF
EGI
$55.3K $15.37/SF
− OpEx
−$22.1K −$6.15/SF
NOI
$33.2K $9.22/SF
Area
Hernando County, FL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,080
Cap Rate 7%
$474,343
Cap Rate 9%
$368,933
Alternative Uses
Best Use
Healthcare Medical
$474.3K
$415.1K – $553.4K
NOI $33,204 @ 7.0% cap · market cap 3.02%
Second Best
Office B
$347.1K
$303.7K – $404.9K
NOI $24,294 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$820.1K
$717.6K – $956.7K
NOI $57,404 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34613, FL
18,869
Population
10,532
Households
1.8
Avg Household Size
61
Median Age
21%
College-Educated
92%
High-School Grad
37.2 sq mi
ZIP Area
507
Density / Sq Mi
$56,175
Median Household Income
$36,815
Median Earnings
$1,108
Median Rent
$181,800
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Hernando County, FL
Properties on Market for Medical Office Space in Hernando County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - An adaptable clinical layout includes exam rooms, administrative areas, a conference room, and elevator access between floors.
Where is this medical office space located?
The property is located at 7044 Commercial Way Weeki Wachee, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑story building with elevator access; More than five exam rooms, multiple offices, and a large conference room; Three bathrooms, including one with a shower
